Which of the Following Characteristic(s)contribute(s)to Entrepreneurs' Success

question 47

Multiple Choice

Which of the following characteristic(s) contribute(s) to entrepreneurs' success?

• A)Commitment and determination tolerance of risk,ambiguity and uncertainty
• B)Motivation to excel
• C)Leadership
• D)Opportunity obsession
• E)All of the above are characteristics that contribute to the entrepreneur's success.

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Definitions:

Perfectly Inelastic

A situation where the quantity demanded or supplied of a good is unaffected by changes in its price.

Upward-Sloping

A term often used in economics to describe a graph line that represents an increase in one variable as another variable increases, typically applied to supply curves.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded for a given period.

Tax Incidence

An examination of the distribution of tax burdens, including who ultimately pays the tax (consumers or producers) and how it affects market equilibrium.